In this post I will be reviewing the Perfect Score EA. This is an automated forex trading strategy that has been programmed to run in the popular forex trading platform, MetaTrader. You can download MetaTrader free of charge from most forex brokers. It is worth mentioning that you will need the desktop version of the MetaTrader platform in order to run forex robots.
You can load the Perfect Score EA onto the charts in your platform and it will constantly scan the forex market for trading signals using the built-in algorithm. When the expert advisor determines that there is an opportunity for trade, it can enter the market and manage the position on behalf of the user. Whilst this may seem like an attractive proposition for those who do not have the time or knowledge required to trade manually, there are some key advantages and disadvantages to be aware of.
In this Perfect Score EA Review, I will be taking a look at the automated forex trading strategy that it implements, along with any back tests provided by the developer and most importantly, real verified account results. Hopefully, this can help you to decide if this is a forex EA that you would consider using on your own forex account or not.
Perfect Score EA Trading Strategy
The Perfect Score robot enters the market at the opening of London Stock Exchange (LSE). It is based on short-term reversal patterns which use the tendency of FX prices to move toward their average value during the LSE session. The EA does not use indicators, grid, martingale, arbitrage. The trading system is suitable for both experienced traders and beginners. The EA includes protection against high spreads, and allows you to trade with a fixed or automatic lot size.
Reversal patterns refer to chart arrangements that happen before a chart starts a new trend. For example, a bullish reversal pattern will typically happen during a downward trend and lead to a new bullish trend. These patterns can help you make better decisions about when to enter a trade.
The developer recommends the 5-minute chart timeframe and the default parameters on the EUR/USD currency pair. You could always customise the EA settings according to your own needs if you want to experiment with it. I would perhaps run my own optimisation in the MetaTrader 4 strategy tester in order to develop bespoke settings on my favourite trading instruments and chart timeframes. Otherwise, you can use the Perfect Score expert advisor as is but you will need to at least adjust the lot/risk size to a level that you feel comfortable with as everyone is different in that respect.
I am really impressed by the vast amount of settings that can be configured with the Perfect Score EA. The developer has kindly provided an explanation of each so that you can understand what each of them do. You will find everything from trading days, hours, stop loss, take profit and much more.
Perfect Score EA Features
- Every trade is protected by stop-loss
- The developer states that the EA is not sensitive to spread or broker, so you may choose any forex broker that you wish
- This trading robot does not use any dangerous money management but a grid strategy is optional and not used in the signals provided
- There are filters to try and avoid unexpected market events
- The Perfect Score EA has been stress tested with 99.9% tick data using variable spreads
- The EA is very easy to setup and use whilst instructions and full support are provided
Perfect Score EA Back Testing
When it comes to choosing a forex robot, I like to check to make sure the developer has provided back tests that show how the forex expert advisor may have traded over a good amount of historical data across various currency pairs. This can help us to understand how the automated trading strategy works and performed over different market conditions. Of course, historical performance is by no means any guarantee of future results, but it can be a good way to get a rough idea of what we might expect.
It is good to see that the developer has shared some 99% modelling quality Perfect Score EA back tests. This means that they have tested using tick data and variable spreads. Whilst this can improve the accuracy of back testing in the MT4 strategy tester, it is not clear if they have accounted for commission fees or used simulated slippage. There are two more factors that can also have a big impact on the performance of any automated forex trading strategy. You can have a look at the Forex Robotron EA for back tests that do include commissions.
Perfect Score EA Results
Whilst back tests are useful to some extent, the most important thing to look for in a forex robot in my opinion are real account results. This would enable us to see exactly how the Perfect Score EA has been performing through recent market conditions. That way you can determine if you are happy with the various statistics such as profit factor, drawdown, average win, average loss, trade duration, trading volume and more. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
You can see the Perfect Score EA results on the MQL website where they have a signal service. Traders can copy the signals directly into their own trading account or purchase the Perfect Score robot and use it themselves. Either way, I am not that impressed with the results at the time of me writing this Perfect Score EA Review. This is mainly because the losing trades seem to be wiping out a good run of consecutive winners. I therefore conclude that there is certainly some room to improve the money management of this particular forex expert advisor.
Perfect Score EA Summary
The Perfect Score EA is based on reversal patterns which indicate a change in direction from a rising market to a falling market and vice versa. The robot attempts to use this pattern to predict the upcoming market movements and will open or close trades accordingly. Whilst this sounds good in theory, I am slightly disappointed with the lack of recent updates and the signals performance has been quite volatile of late. It is also limited in terms of the currency pairs that it trades. I think there are better options out there, the Forex Flex EA being one of them you might want to take a look at.
To use the Perfect Score EA, you will need an account with a forex broker. With so many forex brokers to choose from nowadays, it can be had to decide which is the best forex broker for you. From my many years of experience in the forex industry, IC Markets are one of the best forex brokers when it comes to manual and automated trading. This is because they have tight spreads, low commission fees, reliable execution speeds, multiple funding options and excellent 24/7 customer support.
If you would like to give the Perfect Score EA a try, there is a free demo version. You could even run it on a demo trading account to get a feel for how it trades without taking any risk. I would always test a forex robot on a demo account to begin with. Just keep in mind that demo account results can differ compared to live accounts. This is due to factors that can be different between a simulated and real trading environment including liquidity, slippage and spreads.
You can find out more about the Perfect Score EA by visiting the website using the link below. You can choose to copy the trades for a monthly fee or pay a one-off fee to activate the EA. However, it is not cheap!
Perfect Score EA$1499
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.